It is your responsibility to verify the compliance of these services with local regulations before using them. Web editor for many years and SEO specialist, Thomas became an editor for InvestX when the site was launched. You should always pay attention to the platforms on which you register. Lime Fx is one of those offshore brokers whose real legitimacy is rarely known.
Investing and trading is not a game at all and you have to be wary of what you see, from brokers or investors. They are used by traders and are great for increasing the income generated from trading. It should be kept in mind that the levers are dangerous and can make you lose all your capital quickly. If you choose MetaTrader 4, you receive credentials after registering on Lime Fx. These are used to link your Lime Fx account to MT4 to start trading.
- If you have an account with Lime Fx and want to withdraw funds, here is a clear guide to follow.
- These are used to link your Lime Fx account to MT4 to start trading.
- To get paid, brokers apply spreads on the prices of the financial assets they sell.
- You should assess whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Warning against investing with Lime Fx
Some clients also complain about unresponsive or non-existent customer support. You’ll be asked to provide basic personal details and specify your preferred account settings. You can choose between fixed or variable spreads, select your initial trading bonus, and set your leverage. Discover our full review covering services, signup process, fees, withdrawals, and real user feedback.
If you have an account with Lime Fx and want to withdraw funds, here is a clear guide to follow. But we still advise you to remain vigilant with regard to this broker. They reap an overall rating of 3/5, https://limefx.biz/ which is an acceptable average rating. However, when you read the different opinions, you see a lot of problems mentioned.
- This article is for informational purposes only and should not be considered as investment advice.
- Traders should clarify fee structures directly with Lime Fx before depositing funds.
- However, when you read the different opinions, you see a lot of problems mentioned.
- On its website, Lime Fx details the various services and financial markets available to traders.
- We note that the broker Lime Fx does not highlight its cryptocurrency offer at all despite the fact that they offer it through their services.
Registration of contact persons reporting via FIONA-Online to the Danish FSA
Based offshore in Seychelles, the broker is regulated by the local Financial Services Authority Seychelles (FSA Seychelles). However, Seychelles-based regulatory approvals tend to be easier to obtain compared to more rigorous authorities such as the FCA (UK) or ASIC (Australia). Traders should, therefore, approach this broker with careful consideration. Once you have completed the form, it is sent to the broker for validation.
Lime Fx Mobile App : Trade Directly from Your Smartphone
Their services are comparable to other similar brokers and seem to be decent. Hi Sébastien Thibault,We love to hear what our customers have to say, and your feedback has been very insightful! The Danish FSA’s business register contains information on which companies are authorised to offer financial services in Denmark. The Danish FSA’s website also contains information on identifying fraud companies and how to avoid them, under Avoid fraud. There are no registration fees to open an account with Lime Fx.
You should assess whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. This article is for informational purposes only and should not be considered as investment advice. Trading cryptocurrencies involves risks, and it is important not to invest more than you can afford to lose. On its website, Lime Fx details the various services and financial markets available to traders. Registration and account management are also conducted directly via this site.
Invest
⚠️ This article is published for informational purposes and should not be considered as investment advice. Crypto-currency trading involves risk and it is important not to invest more than you can afford to lose. Lime Fx is a new broker that offers services in the trading of financial assets such as FOREX and indices. Issues related to withdrawals appear to be a recurring problem, common with less reputable brokers. Users mention scenarios where deposits are simple, but retrieving funds is problematic.
Investments in crypto assets are inherently risky; readers should conduct their own research before taking any action and invest only within their financial means. Investments related to crypto-assets are risky by nature, readers should do their own research before taking any action and only invest within the limits of their financial capabilities. CFDs (Contracts for Difference) are complex instruments with a high risk of rapid capital loss due to leverage. Between 74% and 89% of retail investor accounts lose money when trading CFDs.
Marketing requirements for AIFs and UCITS
However, after reviewing individual feedback, many clients report significant difficulties with withdrawals from the platform. limefx forex brokers reviews Lime Fx is an offshore broker, and like many similar brokers, its legitimacy can be challenging to verify. The services provided appear standard and comparable to other brokers in the same category. After submitting the registration form, Lime Fx will review your application.
The app is available for download on both the Apple App Store and Google Play Store for Android users. The WebTrader platform provides a convenient trading experience directly through any web browser, requiring no software downloads or installations. Additionally, Lime Fx regularly hosts a competition called the “League of Top Traders”, a monthly contest where participants compete to achieve the best trading results. The prizes are attractive; currently, a total of $10,000 is offered to the winning traders. You arrive on the Lime Fx withdrawals page on which you will find the different ways to withdraw capital. After selecting your preferred withdrawal method, you will be directed to a page to enter your banking details and specify the amount you wish to withdraw.
When he has approved your request to create an account, you must verify your identity and make a first deposit to start trading. In the same way as most brokers, Lime Fx offers applicable leverage effects on the prices on which you trade. These levers are used to multiply the movements on a course. To trade with Lime Fx, everything happens via their website. Dear Abagourram Abdellah,Thank you for providing the requested information.We would like to inform you that your case has already been forwarded to our Complaints Department.
Trading Platforms Available on Lime Fx
Thus, it is unlikely that you will get your money back if things go wrong. Conduct thorough research and read online reviews before depositing funds. While we cannot definitively label Lime Fx as a scam, we highly recommend remaining vigilant when considering trading with this broker.
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